Which type of analysis includes evaluating internal strengths and weaknesses?

SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats. It is a strategic planning tool that helps organizations identify and understand both internal and external factors that can impact their objectives. The evaluation of internal strengths and weaknesses is a central component of this analysis, allowing companies to leverage their advantages while addressing their deficiencies.

In the case of strengths, these refer to the attributes that give a competitive edge, such as skilled personnel or proprietary technology. Weaknesses, on the other hand, are internal challenges or limitations that could hinder performance, like lack of resources or outdated processes.

This structured approach enables organizations to strategize effectively by aligning their internal capabilities with external opportunities and potential risks, making it an essential tool in decision-making and strategic planning. Other types of analysis, like financial modeling, market analysis, and risk analysis, focus on different aspects and do not specifically evaluate internal strengths and weaknesses.